SunSirs: The Price of Diethylene Glycol Was Running Down This Week (May 7-11)
May 12 2022 10:44:39 SunSirs (John)Price trend
According to the monitoring data of SunSirs, as of May 11, 2022, the average domestic market price of diethylene glycol was 4,900 RMB/ton, compared with the price on May 6, 2022 (diethylene glycol reference price was 5,050 RMB/ton), the price was lowered by 150 RMB/ton, a decrease of 2.97%. Compared with the price on May 1, 2022 (the reference price of diethylene glycol was 4,986 RMB/ton), the price was reduced by 86 RMB/ton, a decrease of 1.74%.
Analysis review
It can be seen from the data monitoring of SunSirs that after the May 1st Labor Day, the diethylene glycol market was on an upward trend. After entering this week, the overall market situation was running downward. On the 10th, some diethylene glycol suppliers adjusted their quotations downward, with a downward adjustment of 50-200 RMB/ton. The high and low price difference in the market widened, the wait-and-see atmosphere was strong, the downstream buying was cautious, the trading atmosphere was general, and the real orders were mostly negotiated. As of May 11, the domestic market price of diethylene glycol referred to around 4,800-5,300 RMB/ton, and the low-end price referred to around 4,500 RMB/ton.
Market outlook
At present, the diethylene glycol market has remained stable as a whole after the decline, and the downstream demand is mainly based on rigid demand. The diethylene glycol data engineer of SunSirs believes that in the short term, the diethylene glycol market will mainly adjust and operate within a narrow range. Pay more attention to news changes on the cost side and demand side.
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